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HAWXvsTIERETF Comparison

ETF 1

HAWX

iShares Currency Hedged MSCI ACWI ex U.S. ETF

This fund is part of

Global Blended Cap

+2.59%

Full HAWX fund page

VS

ETF 2

TIER

T. Rowe Price International Equity Research ETF

This fund is part of

Global Blended Cap

+2.59%

Full TIER fund page

iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) and T. Rowe Price International Equity Research ETF (TIER) belong to the same industry segment: Global Blended Cap. HAWX's top 3 sector exposures are Financials, Information Technology and Industrials. In contrast, TIER's top sector exposures are Financials, Industrials and Information Technology. HAWX is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.38% for TIER. HAWX is up 15.35% year-to-date (YTD) with +$2M in YTD flows. TIER performs worse with 9.26% YTD performance, and +$4M in YTD flows. Run a side-by-side ETF comparison of HAWX and TIER below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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HAWX vs TIER performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 06/11/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	HAWX TIER	+2.13%-2.55%	+9.58%+4.98%	+15.35%+9.26%	+33.13%n/a	+76.44%n/a	+80.57%n/a
Flows	HAWX TIER	-$3M+$2M	-$2M+$3M	+$2M+$4M	+$10M-	+$48M-	+$119M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	HAWX TIER	+20.24%+22.32%	+13.87%n/a	+13.28%n/a	+13.68%n/a
Max drawdown	HAWX TIER	-4.65%-6.41%	-9.30%n/a	-13.76%n/a	-17.33%n/a
Max drawdown duration	HAWX TIER	27d28d	50dn/a	51dn/a	573dn/a

Trading data

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	HAWX	TIER
Last sale 6/12/2026 at 1:30 PM	$45.63	$32.15
Previous close 06/11/2026	$45.45	$31.99
Consolidated volume 06/11/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of May 29, 2026

1-year trailing difference

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TIER

is actively managed and doesn’t replicate an index

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	HAWX	TIER
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 6/12/2026 at 1:30 PM

Live

Closed

	HAWX	TIER
Last price	$45.63	$32.15
1D performance	+0.40%	+0.48%
AuM	$344.40 M	$29.24 M
E/R	0.7%	0.38%

Characteristics

	HAWX	TIER
Management strategy	Passive	Active
Provider	iShares	T. Rowe Price
Benchmark	MSCI ACWI ex USA Index	-
N° of holdings	1568	259
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	June 29, 2015	June 25, 2025
ESG	No	No

More HAWX data on Trackinsight

More TIER data on Trackinsight

Exposure

Countries

HAWX

Japan

13.64%

United Kingdom

8.66%

Canada

8.41%

Taiwan

7.86%

Other

61.43%

TIER

Japan

14.02%

United Kingdom

8.4%

Canada

8.28%

USA

7.38%

Other

61.92%

Sectors

HAWX

Financials

23.07%

Information Techn.

18.02%

Industrials

13.67%

Consumer Discreti.

8%

Other

37.25%

TIER

Financials

19.67%

Industrials

11.93%

Information Techn.

9.44%

Other

58.96%

Diversification

HAWX

Total weight of top 15 holdings out of 15

17.73%

TIER

Total weight of top 15 holdings out of 15

18.43%

Top 15 holdings

Data as of April 30, 2026

HAWX

TWN SEMICONT MAN

4.57%

SAMSUNG ELECTR

1.94%

ASML HOLDING

1.54%

SK HYNIX

1.30%

TENCENT HOLDINGS

1.06%

HSBC HOLDINGS

0.87%

ASTRAZENECA

0.81%

CH1499059983

0.79%

ALIBABA GROUP HOLDING LTD

0.77%

NOVARTIS

0.77%

NESTLE SA

0.72%

SHELL PLC

0.71%

ROYAL BK CANADA

0.69%

SIEMENS

0.62%

MITSUBISHI UFJ FINANCIAL GROUP

0.57%

TIER

TWN SEMICONT MAN

3.56%

US8740391003

1.80%

USN070592100

1.54%

TENCENT HOLDINGS

1.32%

ROYAL BK CANADA

1.22%

ALIBABA GROUP HOLDING LTD

1.11%

BHP GROUP LTD

1.01%

ASTRAZENECA

0.95%

NESTLE SA

0.93%

HSBC HOLDINGS

0.91%

SIEMENS

0.90%

SHELL PLC

0.87%

MITSUBISHI UFJ FINANCIAL GROUP

0.84%

DELTA ELECTRONIC

0.74%

NOVARTIS

0.73%

Frequently asked questions about HAWX and TIER

How have the HAWX and TIER ETFs performed in 2026?

As of June 11, 2026, HAWX is up 15.35% year-to-date (YTD), while TIER has returned 9.26%. That puts HAWX better performer ahead so far this year.

Which ETF is attracting more investor money: HAWX or TIER?

Year-to-date, the HAWX ETF saw +$2M in flows, compared to +$4M for TIER.

Which ETF is bigger: HAWX or TIER?

As of June 11, 2026, HAWX holds $344.40 M in assets under management (AUM), while TIER manages $29.24 M.

What sectors do the HAWX and TIER ETFs invest in?

HAWX leans toward sectors like Financials, Information Technology and Industrials. Meanwhile, TIER focuses on Financials, Industrials and Information Technology.

What are the top holdings of the HAWX ETF and TIER ETF?

HAWX top holdings include TWN SEMICONT MAN, SAMSUNG ELECTR and ASML HOLDING. TIER holds in its top three: TWN SEMICONT MAN, US8740391003 and USN070592100.

HAWXvsTIERETF Comparison

iShares Currency Hedged MSCI ACWI ex U.S. ETF

T. Rowe Price International Equity Research ETF

HAWX vs TIER performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the HAWX and TIER ETFs performed in 2026?

As of June 11, 2026, HAWX is up 15.35% year-to-date (YTD), while TIER has returned 9.26%. That puts HAWX better performer ahead so far this year.

Which ETF is attracting more investor money: HAWX or TIER?

Year-to-date, the HAWX ETF saw +$2M in flows, compared to +$4M for TIER.

Which ETF is bigger: HAWX or TIER?

As of June 11, 2026, HAWX holds $344.40 M in assets under management (AUM), while TIER manages $29.24 M.

What sectors do the HAWX and TIER ETFs invest in?

HAWX leans toward sectors like Financials, Information Technology and Industrials. Meanwhile, TIER focuses on Financials, Industrials and Information Technology.

What are the top holdings of the HAWX ETF and TIER ETF?

HAWX top holdings include TWN SEMICONT MAN, SAMSUNG ELECTR and ASML HOLDING. TIER holds in its top three: TWN SEMICONT MAN, US8740391003 and USN070592100.

Which ETF is more diversified: HAWX or TIER?

HAWX holds 1710 securities with 17.73% of its assets in the top 15. TIER has 273 securities and a top 15 weight of 18.43%.

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